People in the News

Posted in: Strategic Thinking
Phyllis Mikolajek, a business and tax services professional in Winnipeg, had this to say about attending the Distinguished Advisor Conference

Business Community Warns Job Losses, Inflation Would Follow Minimum-Wage Hike

By : Tamar Satov Posted in: Strategic Thinking, small business, Canadian economy, inflation, jobs, minimum wage, Bill 148, Real Wealth Manager, RWM
Last month, Knowledge Bureau issued the results of a poll indicating that financial professionals are firmly divided on the prospect of $15-an-hour minimum wage. Now the business community is having a similar debate

Important Deadline for Correcting Errors or Omissions on Tax Returns

By: Evelyn Jacks Posted in: Strategic Thinking, Tax, CRA, tax credits, Canada Revenue Agency, tax shelters, Moving Expenses, voluntary disclosure program, tax error, tax deductions, child care expense claim, capital losses, VDP, errors and omissions, principal residence disposition, business investment losses
Did you know that the CRA’s Voluntary Disclosures Program (VDP) is proposed to change soon, restricting the ability to correct errors and omissions within a 10-year period?

New Phishing Scam Targets Tax Preparers

VIA: Knowledge Bureau Posted in: Breaking News, CRA News, Strategic Thinking, tax preparation, Personal Tax, phishing, fraud, cybersecurity, tax software, tax preparer, Introduction to Personal Tax Preparation
Tax pros beware — fraudsters have developed a sophisticated new email scam designed to steal your tax software usernames and passwords.

Will Recent and Proposed Tax Reforms Hurt the Canadian Economy?

By: Evelyn Jacks Posted in: Strategic Thinking, Canadian Taxes, voluntary disclosure program, Trust and Estate Planning, Canadian economy, principal residence, Canadian business
The federal government’s “hurry up” approach to major tax reforms in Canada needs to slow down to allow for careful analysis of the proposals and changes from all stakeholders,